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Dominion Energy
Dominion Energy, Inc., commonly referred to as Dominion, is an American energy company headquartered in Richmond, Virginia that supplies electricity in parts of Virginia, North Carolina, and South Carolina and supplies natural gas to parts of Utah, Idaho and Wyoming, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia. Dominion also has generation facilities in Indiana, Illinois, Connecticut, and Rhode Island.
The company acquired Questar Corporation in the Western United States, including parts of Utah and Wyoming, in September 2016. In January 2019, Dominion Energy completed its acquisition of SCANA Corporation.
The company's asset portfolio includes 27,000 megawatts of power generation, 6,000 miles (9,700 km) of electric transmission lines, 54,000 miles (87,000 km) of distribution lines, 14,000 miles (23,000 km) of natural gas transmission, gathering and storage pipeline, and 1.2 trillion cubic feet (34 km3) equivalent of natural gas and oil reserves.[citation needed] Dominion also operates the nation's largest natural gas storage facility, amounting to more than 975 billion cubic feet (2.76×1010 m3) of storage capacity. The company's Cove Point liquefied natural gas (LNG) import terminal on the Chesapeake Bay is one of the nation's largest and busiest facilities of its kind.[citation needed] Dominion serves more than 5 million retail energy customers in the Midwest, mid-Atlantic and Northeast regions of the U.S.
In 2017, Dominion was listed at #238 on the Fortune 500. A book about the company's 100-year history, Dominion’s First Century: A Legacy of Service, was published in 2010.
In 2022, 18 percent of Dominion's total electric production came from coal, 23 percent from nuclear power, 48 percent from natural gas, and 11 percent from hydroelectricity and other renewables. A strategy is being developed for renewable energy sources, primarily wind and biomass, and conservation and efficiency programs to play an increasingly important role in meeting future energy needs and minimizing the company's environmental footprint.
Dominion's corporate roots reach back to the Colonial era through predecessor companies that operated canal and river barging, street lighting, railways, and electric trolleys.
In 1787, the Virginia General Assembly created the Appomattox Trustees to promote navigation along the Appomattox River. In 1795, the trustees formed the Upper Appomattox Company to build dams along the river for industrial use, beginning Dominion's history. In 1901, the water rights passed to the newly formed Virginia Passenger & Power Company.
Dominion's closest direct corporate ancestor, Virginia Railway & Power Company, was founded by Frank Jay Gould on June 29, 1909. It bought Virginia Passenger & Power soon afterward. In 1925, the name was changed to the Virginia Electric and Power Company (VEPCO), a regulated monopoly. In 1940, VEPCO doubled its service territory by merging with the Virginia Public Service Company. The transit operations were sold in 1944. In 1980, VEPCO began branding itself as "Virginia Power," while branding its North Carolina operations as "North Carolina Power." Three years later, VEPCO reorganized as a holding company, Dominion Resources.
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Dominion Energy
Dominion Energy, Inc., commonly referred to as Dominion, is an American energy company headquartered in Richmond, Virginia that supplies electricity in parts of Virginia, North Carolina, and South Carolina and supplies natural gas to parts of Utah, Idaho and Wyoming, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia. Dominion also has generation facilities in Indiana, Illinois, Connecticut, and Rhode Island.
The company acquired Questar Corporation in the Western United States, including parts of Utah and Wyoming, in September 2016. In January 2019, Dominion Energy completed its acquisition of SCANA Corporation.
The company's asset portfolio includes 27,000 megawatts of power generation, 6,000 miles (9,700 km) of electric transmission lines, 54,000 miles (87,000 km) of distribution lines, 14,000 miles (23,000 km) of natural gas transmission, gathering and storage pipeline, and 1.2 trillion cubic feet (34 km3) equivalent of natural gas and oil reserves.[citation needed] Dominion also operates the nation's largest natural gas storage facility, amounting to more than 975 billion cubic feet (2.76×1010 m3) of storage capacity. The company's Cove Point liquefied natural gas (LNG) import terminal on the Chesapeake Bay is one of the nation's largest and busiest facilities of its kind.[citation needed] Dominion serves more than 5 million retail energy customers in the Midwest, mid-Atlantic and Northeast regions of the U.S.
In 2017, Dominion was listed at #238 on the Fortune 500. A book about the company's 100-year history, Dominion’s First Century: A Legacy of Service, was published in 2010.
In 2022, 18 percent of Dominion's total electric production came from coal, 23 percent from nuclear power, 48 percent from natural gas, and 11 percent from hydroelectricity and other renewables. A strategy is being developed for renewable energy sources, primarily wind and biomass, and conservation and efficiency programs to play an increasingly important role in meeting future energy needs and minimizing the company's environmental footprint.
Dominion's corporate roots reach back to the Colonial era through predecessor companies that operated canal and river barging, street lighting, railways, and electric trolleys.
In 1787, the Virginia General Assembly created the Appomattox Trustees to promote navigation along the Appomattox River. In 1795, the trustees formed the Upper Appomattox Company to build dams along the river for industrial use, beginning Dominion's history. In 1901, the water rights passed to the newly formed Virginia Passenger & Power Company.
Dominion's closest direct corporate ancestor, Virginia Railway & Power Company, was founded by Frank Jay Gould on June 29, 1909. It bought Virginia Passenger & Power soon afterward. In 1925, the name was changed to the Virginia Electric and Power Company (VEPCO), a regulated monopoly. In 1940, VEPCO doubled its service territory by merging with the Virginia Public Service Company. The transit operations were sold in 1944. In 1980, VEPCO began branding itself as "Virginia Power," while branding its North Carolina operations as "North Carolina Power." Three years later, VEPCO reorganized as a holding company, Dominion Resources.